It was exciting to find out that you were going to inherit property from a loved one who had passed away. You knew that it would help make your life better, even though they were no longer going to be with you. You went through the property and were proud that it was going to be yours. That’s when you realized that there was going to be a lot more to do than just walk into the home and call it your own. You have to make sure to take the right legal steps.
Did you know that you may need to work with an attorney to resolve problems with probate or to make sure that the land title is clear? This is something that your attorney can work with you on so that you know that the inheritance is yours with no catches.
What are some common issues with inheritances?
Some common problems with inheritances include:
- Ongoing maintenance responsibilities
- Ongoing property tax liabilities
- Tax liabilities due to capital gains
- Title issues, such as trouble with transferring the title
Fortunately, while this is a complex situation, many people find that it takes only a short time working with their attorneys to get their titles sorted out and to make sure that their inheritance is free and clear of any other claims.
On our website, you can learn more about Mississippi law and why it’s important to get in touch with a real estate attorney if you are inheriting property. The right help can make a difference when working to make sure you place a title in the correct name or that a property has no additional claims against it.